Richtech Robotics Inc. (NASDAQ:RR) secures a sales agreement worth over $4 million with Beijing Tongchuang Technology Development Co., Ltd. The deal includes the purchase, service, and software licensing of its AI-powered barista robot, service robot, and heavy-duty robot product lines. Analysts project a 33% revenue growth for the fiscal year and nearly 75% gross profit margins. Richtech is known for providing AI-driven service robots for hospitality, healthcare, and retail industries. While RR shows promise as an investment, other AI stocks may offer greater upside potential.
Read more at Yahoo Finance: Richtech Robotics (RR) Secures $4M Sales Deal for AI Robot Product Lines